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What is the rule of 72 in investing: 5 things to know [ad_1] 1.The Rule of 72 indicates how fast your money will double at a given rate of return.2.When you divide 72 by the estimated annual rate of return, you get the number of years it will take for your money to double. So, if you are getting 8% ...

Flows into NRI deposits up 76% to $5.4 billion in April-December The flow of money into deposits of Non-Resident Indians (NRIs) rose 76 per cent to $5.4 billion in April-December this financial year over $3.07 billion in the same period 2021. However, the streak of decline in outstanding NRI deposits (what is shown in the ...

Gap between rise in MCLR, term deposits crosses 40 basis points The rate hikes undertaken by the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) since May to bring down the inflation rate has resulted in a 120 basis points (bps) increase in the one-year median marginal cost of funds-based lending rate (MCLR) by banks. ...

BoM tops list of public sector lenders in loan growth, asset quality Bank of Maharashtra (BoM) has emerged as the top performer among state-owned lenders in terms of loan growth percentage during the third quarter of 2022-23, an analysis of the latest financial results of public sector banks showed. The Pune-based lender recorded a 21.67 ...

NARCL may revive Srei’s group’s infra financing arm SIFL, wind up SEFL Public sector asset reconstruction company NARCL is likely to revive Srei Infrastructure Finance Ltd (SIFL) and wind up the group’s equipment financing arm SEFL after recovering outstanding debt in seven years, a source said on Sunday. NARCL (National Asset Reconstruction Company) on Wednesday ...

Banks’ net interest income soars by a record 25.5 pc in Q3: Analysis Net interest income of banks grew by a record 25.5 per cent to Rs 1.78 lakh crore in the December 2022 quarter on-year, driven by a healthy credit off-take and higher yield on advances, according to an analysis. The quarter saw banks ...

Federal Bank FD interest rates: FD interest rates: Federal Bank offers 7.25% interest to general investors, 7.75% to senior citizens [ad_1] Federal Bank recently revised its interest rates on fixed deposits (FDs) below Rs 2 crore. The highest interest rate offered by the bank can go up to 7.25 per cent for the general public and 7.75 per cent for ...

money management tips: 5 useful tips to manage your money after a job loss [ad_1] Thousands of job cuts have been announced in the first one-and-half months of 2023. The layoff wave has impacted not only startups but also big tech companies such as Amazon, Microsoft, Google, and Twitter. As many as 380 tech companies have axed 1,08,246 employees across ...

Transcending finances and finding purpose [ad_1] Life is beautiful for a lot of people. While for others, life is a wringer, with an ever-busy schedule, constant stress resulting in a listless, monotonous life. That was the case with Pritam who was doing well in his career but was feeling burnt-out. He was not enjoying it. He had already built a ...

eps pension: March 3, 2023, is last date to opt for higher pension from EPS but EPFO yet to issue circular [ad_1] The last date for eligible employees to apply for higher pension from the Employees’ Pension Scheme (EPS) is fast approaching. But there is still no clarity on how certain eligible individuals can opt for it. According to a ...